Texas

Matt Williamson Pavlov Media FutureProofing Quote from article

In the rapidly evolving landscape of multifamily technology, owners and operators face a critical challenge to staying competitive. As demand for high-speed internet and robust connectivity grows, it is essential to adapt quickly. However, constantly upgrading infrastructure can be prohibitively expensive and time-consuming. The solution lies in future-proofing properties — building an adaptable infrastructure that can support unknown future technological needs. “Future-proofing is a matter of having infrastructure capable of supporting what we don’t know we will want later,” says Matt Williamson, lead sales engineer at Pavlov Media, which provides Wi-Fi, fiber-optic internet service and managed digital services to multifamily properties. Future-proofing involves implementing scalable and flexible communication systems that accommodate both current and emerging digital demands. By focusing on future-proofing, multifamily properties can meet residents’ increasing expectations for high-speed internet and comprehensive Wi-Fi coverage while also reducing operational costs and enhancing overall efficiency. Balance Current Needs with Future Trends “Multifamily residents now expect extremely high-speed internet connections in their units and throughout the entire property, including common areas like gyms, conference rooms, pools and walking paths,” Williamson says. Residents want robust internet connections for activities such as streaming, video calls and remote home monitoring. The importance of upload speeds …

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DALLAS — Hunt Capital Partners has arranged $20 million in Low-Income Housing Tax Credit (LIHTC) financing for Cypress Creek Apartment Homes at Montfort Drive, a 168-unit mixed-income housing project in Dallas. The unit mix will consist of 92 one-bedroom apartments, 64 two-bedroom residences and 12 three-bedroom units. About 70 percent (116) of the units will be reserved for households earning between 30 and 80 percent of the area median income, with the remainder to be rented at market rates. Residents will have access to services such as weekly exercise classes, monthly food banks, tax preparation assistance and annual health fairs. The developer is a partnership between Bonner Carrington and Sycamore Strategies.

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HOUSTON — Cresa has brokered the sale of a 14.8-acre industrial development site in northwest Houston. The site is located on Becker Road near Waller-Tomball Road. Brandon Wuntch and Drew Altmann of Cresa represented the buyer, an entity doing business as Zermeno GTB LP, in the transaction. The seller and sales price were not disclosed. The buyer tentatively expects to deliver an industrial facility on the site in 2025.

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DALLAS — Two locally based brokerage firms, Bill Foose Co. and Wingert Real Estate, have jointly negotiated the sale of a two-acre retail development site at the corner of I-20 and Dowdy Ferry Road in southeast Dallas. Bill Foose of and Jason Wingert collaborated to represent the seller, an entity doing business as 635 Dowdy Venture, in the transaction. Tulsa-based gas station giant QuikTrip purchased the site.

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DALLAS — DFA Dairy Brands Fluid, a supplier of fresh milk, has signed a 26,203-square-foot industrial lease in the Owenwood area of Dallas. Holt Lunsford Commercial Investments owns the building at 5200 E. Grand Ave. Canon Shoults, Josh Barnes and Mitch Cantwell of Holt Lunsford’s brokerage division represented the landlord in the lease negotiations. The tenant was self-represented.

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HOUSTON — Great Big Game Show, an entertainment concept that centers on interactive drawing, building, guessing and wagering challenges, will open a venue in West Houston. The space is located within the 47-acre CITYCENTRE mixed-use development, adjacent to The Escape Game, whose creators also conceived Great Big Game Show. The opening is slated for the fall. A partnership between Parkway and Midway owns CITYCENTRE.

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FORT WORTH, TEXAS — A partnership between Phoenix-based developer Creation Real Estate and J.P. Morgan Asset Management has sold Fort West Commerce Center, a 531,601-square-foot industrial property in Fort Worth. The development comprises three buildings on a 30-acre site on the city’s north side. Tenants at Fort West Commerce Center include Lockheed Martin (136,135 square feet) and Big Ass Fans (221,444 square feet). The buyer was High Street Logistics Properties, an investment firm based in metro Boston. No third-party brokers were involved in the deal.

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Eastbound-Austin

AUSTIN, TEXAS — A partnership between developers Lincoln Property Co. and The KOR Group has recapitalized Eastbound, a two-building, 233,550-square-foot office complex in East Austin. Fenway Capital Advisors, which previously owned a minority interest in the property, is now the primary equity partner of the co-developers. Ownership is building out spec suites that can support users with requirements from 5,000 to 41,000 square feet. Construction of Eastbound began in 2020 and was completed in mid-2022. Tenants include landscape architecture firm TBG and Furniture Marketing Group.

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ALLEN, TEXAS — Amphenol Fiber Systems International (AFSI) has preleased a 94,413-square-foot industrial building in Allen, a northeastern suburb of Dallas. The manufacturer of harsh-environment fiber optic cables is taking space at 121 Technology Park, a development by Stillwater Capital, that will serve as its new headquarters. Mike Kay of Colliers represented the tenant in the lease negotiations. Ken Wesson of Lee & Associates represented the landlord. Occupancy is slated for October.

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AUSTIN, TEXAS — JLL has arranged an undisclosed amount of acquisition financing for South Bend Center, a 43,811-square-foot mixed-use property in South Austin. The three-building property was built in 1984 and supports retail, flex warehouse, restaurant and medical office uses. C.W. Sheehan and Peyton Ackerman of JLL arranged the debt on behalf of the borrower, Duncan Park Capital. The direct lender was an undisclosed regional bank.

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